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Housing Finance Co. of Kenya - Green Financing
Summary of Investment Information

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. It also includes findings and recommendations related to environmental and social considerations regarding this potential investment. The purpose of the SII is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein that has been prepared by the project sponsor, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
The SII is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors.

Project number 31634
RegionSub-Saharan Africa
Company nameHFCK
Country
Kenya
SectorO-EA - Primary Mortgage Institutions
Department
Environmental categoryFI1
StatusActive
Date SPI disclosedJuly 23, 2012
Projected board dateAugust 31, 2012
Last Updated DateJuly 23, 2012
Previous EventsInvested: July 2, 2013
Signed: February 5, 2013
Approved: November 19, 2012
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IDocumentation  

Project Description
The proposed project is a senior loan of up to $16 million for IFC’s own account and a senior loan of up to $4 million by IFC in its capacity as the implementing entity of the Canada Climate Change Program (“CCCP”) to Housing Finance Company of Kenya Limited (“HFCK” or the “Company”) to support the Company’s funding base and help it grow its mortgage and property development finance business, with an added incentive to develop a green housing portfolio (the “Project”).

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